New Acquisition: KKR has acquired Travelopia from TUI
- M&A Deals
- 14.02.2017 10:30 am
KKR, global investment firm, has agreed to acquire Travelopia from TUI AG (“TUI”). The transaction is subject to customary closing conditions.
Travelopia, headquartered in the UK, is one of the world’s leading specialist travel groups, providing customers with unique experiences, such as sailing adventures, tailor-made holidays, sports tours, school expeditions, private jet travel and polar expedition cruises. Travelopia has a large, international customer base of over 800,000 travellers each year and serves over 70 destinations globally through its 53 brands.
Mattia Caprioli, Member & Head of Services at KKR Europe, said: “We intend to leverage our experience in the leisure and travel sector gained through investments such as PortAventura, Get Your Guide, Trainline, Go-Jek and Apple Leisure, to support management in their strategic initiatives.”
Edouard Pillot, Director & Head of Business Services at KKR Europe, added: “We look forward to working with the CEO Will Waggott and his team to support Travelopia in seizing the exciting opportunities ahead, including harnessing the potential from digital distribution and CRM and expanding its geographical reach, notably into China.”
Will Waggott, CEO of Travelopia, said: “KKR’s experience in the sector, global reach and digital expertise make it the perfect partner for Travelopia as we continue to grow.”
KKR was advised by Catalyst Partners, Rothschild, Simpson Thacher & Bartlett, Dentons, Deloitte & Touche, and Ernst & Young.